No one likes to think about death, be it your own or that of a loved one, but the simple fact is a bereavement can result in very significant expenses and financial worries for loved ones, at a difficult time. Our credit union cares about its members and provides a service called Death Benefit Insurance (DBI) to help pay for these expenses.
DBI is a unique service offered to help pay for end of life expenses. It pays a fixed lump sum of €1,000 in the event of death and where death is as a result of an accident, the lump sum can be doubled.
- If you have joined the credit union before age 70 in good health or while actively and regularly carrying out their normal occupation or duties and,
- If you continue to be a member of the credit union and maintain the minimum amount of €100 savings in their account as required by the credit union for inclusion in DBI.
Once you are included for DBI you will continue to be insured as long as you remain a member of the credit union and keep the minimum amount of savings in your account.